According to Coinstats, the crypto market remains primarily bullish.
ETH/USD
Ethereum (ETH) prices rose 2.43% on the last day.
On the hourly chart, ETH speed is closer to support than resistance. If the Bulls are unable to seize the initiative immediately, traders may expect a breakout of the level and can further modify the $2,500 zone.
In a larger time frame, the main altcoin price is in the middle of the wide channel between $2,317 in support and $2,738 in resistance.
Neither the bull nor the bear controls, so it is less likely that you will see sharp movements soon.
From a medium-term perspective, ETH percentage again bounced back from the $2,608 resistance. However, if the weekly bar closes near that mark, traders may witness an explosion into a key $3,000 zone.
Ethereum trades at $2,571 at press time.
